Adaptive Biotechnologies Corp reports results for the quarter ended in March - Earnings Summary

Adaptive Biotechnologies

08/05/2024 01:54

* Adaptive Biotechnologies Corp  ADPT.OQ  reported a
quarterly
adjusted loss of 33 cents​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of -40 cents.  The mean expectation of
eight analysts for the quarter was for a loss of 34 cents per
share. Wall Street expected results to range from -37 cents
to -31 cents per share.
    * Revenue rose 11.2% to $41.87 million from a year ago;
analysts
expected $38.78 million. 
    * Adaptive Biotechnologies Corp's reported EPS for the
quarter was
a loss of 33 cents​.
    * The company reported a quarterly loss of $47.51 million.
    * Adaptive Biotechnologies Corp shares had risen by 0.3%
this
quarter and lost 34.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the biotechnology
&
medical research peer group is also "buy"

Wall Street's median 12-month price target for Adaptive
Biotechnologies Corp is $5.00 
This summary was machine generated from LSEG data May 8 at 12:53
a.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.34          -0.33          Beat
 Dec. 31 2023      -0.33          -0.30          Beat
 Sep. 30 2023      -0.34          -0.35          Missed
 Jun. 30 2023      -0.35          -0.33          Beat